December 31st, 2008

Become Good at Losing (16 of 26)

We get a lot of questions and comments about what this means.  You should know by now that you will lose sometimes when trading.  That does not mean you will lose all of your account unless you use poor money management techniques or none at all.  It means don’t get all emotional about a loss [...]

October 10th, 2008

“Ham and Eggs: A days work for a chicken, a life lost commitment for a pig.”

For the record I love ham and eggs.  This is not a plea for pita.  I saw this quote and had Awe ha! Moment, I wanted to share. Let me ask a personal question.  How do you trade?  Like a pig or like a chicken?  A pig trader is one who jumps into the market [...]

October 1st, 2008

Successful Traders Summaries

Here are some thought by some of the best stock traders. Good trading principles apply in all markets. Also, everyone who is truly interested in Forex should read as widely as possible. Jesse Livermore: The World’s Greatest Stock Trader by Richard Smitten 1. Don’t lose money 2. Always Establish a Stop 3. Keep Cash in [...]

August 29th, 2008

Personality And Trading Style

Much of a trader’s success has to do with his personality matching up with the trading style he chose.  No matter what the approach is you must plan your trades and trade your plans.  If not, your strategy is no better than random, and that is hardly a stable platform for long-term success. If a [...]

August 1st, 2008

Are You A Trade Rusher?

There are traders that lose money month after month, and the reason is that they always rush into trades without studying them carefully and seeing which way the trend is going or waiting for any sort of retracement before entering the trade. They see a breakout on a currency pair and put in orders to [...]

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